Steel News

Essar Selected as Preferred Bidder for ZISCO

10 November 2010 - Essar Africa Holdings Ltd. has received official notification from the Government of Zimbabwe (GOZ) for its selection as the preferred bidder to purchase GOZ’s 60% equity interest in Zimbabwe Iron and Steel Co. (ZISCO).

ArcelorMittal Conducts Automotive Research Program

09 November 2010 - ArcelorMittal recently unveiled the results of its "S-in motion" automotive research program, the portfolio of which comprises a range of more than 60 Press-Hardened Steel and Advanced High-Strength Steel solutions that can be implemented in vehicles today.

SMS Siemag Starts up X-Cast Slab Caster at Salem Steel Plant

09 November 2010 - SMS Siemag has put into operation a single-strand X-Cast® slab caster for Salem Steel Plant, who will use the new slab caster to produce various grades of stainless steel slabs.

Posco, Nissan Enhance Partnership

09 November 2010 - Posco recently hosted the first technology-development meeting with the Japanese automaker at the Gwangyang Works’ R&D center. Representatives from Posco and Nissan discussed some common fields of interest, such as the use of high-strength steel for outer panels.

ArcelorMittal Orbit for 2012 Olympics is under Construction

08 November 2010 - A recent groundbreaking ceremony at the future Queen Elizabeth Olympic Park marked the start of construction work on the ArcelorMittal Orbit, which is expected to be completed and handed over to the Legacy Company by March 2012.

Sumitomo Metals Recognized by Panasonic under ECO-VC Initiative

08 November 2010 - Sumitomo Metal Industries, Ltd. has received two gold awards from Panasonic Corp. for its ECO-VC (Value Creation) Initiative, given to suppliers that contribute to reducing CO2 emissions and making their products more competitive.

Posco Signs MoA with Vale, Dongkuk to Join Steel Mill Project

08 November 2010 - Posco has signed a Memorandum of Agreement (MoA) with Vale and Dongkuk that establishes the terms for its entry in the Companhia Siderúrgica do Pecém (CSP) project. The next steps will be the negotiation and signing of a Shareholder Agreement, expected for the beginning of next year.

Gerdau Reports 3Q10 Results

08 November 2010 - Gerdau reported that shipments reached 4.4 million tonnes in the 2010 third quarter, 14% higher than in 3Q09, due to the positive performance of the Specialty Steel Business Operation and the improvement in domestic demand at the Brazil Business Operation.

Posco Breaks Ground for Indonesian Steel Mill

08 November 2010 - Posco is constructing its first overseas integrated steel mill in Indonesia, recently breaking ground for the mill in the city of Cilegon, located 100 km west of Jakarta. Posco will lay the ground work across 400 ha of land, with joint investment from Krakatau Steel.

Posco CEO Joins Korea-Australia Business Talk

05 November 2010 - Posco CEO Chung Joon-yang participated in the Korea-Australia Business Talk, an event that is meant to support free trade agreements such as the Korea-Australia FTA and promote economic cooperation among different countries. The event is co-hosted by the two countries’ finance ministries.

Baosteel, China Construction Sign Cooperation Agreement

05 November 2010 - Baosteel and China Construction & Engineering Corp. recently signed a strategic cooperation agreement in Beijing. The two companies will establish a close cooperation in the R&D, procurement, investment, management, and other areas.

OAO Severstal to Integrate Ukrainian Facilities

04 November 2010 - Severstal initiates a program to integrate the operations of OAO Severstal Ukraine and OAO Dnepometiz in order to serve the Ukrainian market from a single, combined production site.

CPI, Tata Steel to Develop High-Temp Research Center

04 November 2010 - The Centre for Process Innovation (CPI) and Tata Steel have signed a memorandum of understanding to establish a new national High Temperature Innovation Center at Tata Steel’s Teesside Technology Center.

Posco, SK Energy Sign MOU for Coal Chemistry Development

03 November 2010 - Posco signs Memorandum of Understanding with SK Energy to form a coal chemistry partnership focusing on the feasibility of commercializing value-added chemical products made from steelmaking and petrochemical by-products.

Ruukki Special Steels Used for Train Coach Panels

03 November 2010 - Ruukki and Alstom Transport have developed a new high-strength steel solution for the assembly of wall panels for regional train coaches. The panels are made of Ruukki’s high-strength, hot-rolled Optim special steels that are laser welded and cut into components ready for installation.

ArcelorMittal Ostrava to Resume Hot-Metal Supply to Evraz Vítkovice Steel

03 November 2010 - ArcelorMittal Ostrava and Evraz Vitkovice Steel (EVS) reached an agreement recently over the supplies of liquid pig iron from ArcelorMittal Ostrava to the steelmaking facilities of EVS. The agreement guarantees supplies of hot metal from November 20, 2010, to the end of 2011.

New voestalpine Stahl Headquarters Named "Best Office 2010"

02 November 2010 - voestalpine Stahl GmbH's new Sales and Financial Headquarters in Linz was awarded the prize “Best Office 2010” at ORGATEC, an international trade show for office design. The jury considered the project, which was managed by M.O.O.CON® and planned by the architecture company Feichtinger Architectes, to be worthy of the prize due to its positive effect on communication and innovation.

Posco Opens Office in Egypt

02 November 2010 - Posco recently opened its first African office in the Egyptian capital of Cairo. The company expects the Cairo office to play a vital role for its future business in Africa as the regional headquarters.

Posco Launches New Processing Center in Turkey

01 November 2010 - Posco recently launched its new automotive steel-processing center in the Hasanaga Industrial Complex in the city of Nilufer, Brusa Province, to provide global automakers with high-quality automotive steel products. The Posco Turkey Nilufer Processing Center will also seek to expand its sales network to household steel products.

Essar Group Appoints New CFO

29 October 2010 - The Essar Group announced the appointment of V Ashok as the Chief Financial Officer for its India operations. He takes over for V G Raghavan, who has retired after more than 34 years with Essar.